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Newly christened Tribune Media Co. completed the spinoff of Tribune Publishing Co. , which owns the Daily Press, on Monday afternoon, a process finalized by bank wires and stock distributions, setting the broadcasting and publishing businesses on separate paths. As stand-alone businesses, they are in pretty good company. From Rupert Murdoch's News Corp. to E.W. Scripps, the separation of broadcast and publishing assets is gaining momentum as traditional media seek to adapt to the fast-evolving digital landscape. An amicable corporate divorce is generally seen as best for both sides, streamlining them to compete against new media behemoths such as Google. Tribune Media and...

Gannett Co., the owner of USA Today and WVEC-TV in Hampton Roads, is spinning off its publishing assets into a separate publicly traded company.
The McLean, Va.-based broadcaster and publisher whose holdings include more than 40 television stations,...

Hampton University’s journalism school has a new advisory board that includes senior executives at Facebook, The New York Times, CBS and News Corp.The 27-member board was assembled by Brett Pulley, the new dean of HU’s Scripps Howard School of...

A former employee of a Fox television station in Texas shot himself to death outside the company's New York headquarters Monday, shortly after handing out fliers saying the company had ended his career, police said.
Philip Perea, 41, shot himself in...

Rupert Murdoch's sprawling, $75-billion global empire has broken into two separate companies: 21st Century Fox and a much smaller News Corp.
Friday afternoon, just after the close of trading, the company finalized the transaction that had been in the...

LONDON – British prosecutors on Tuesday charged four journalists from the Sun and Daily Mirror newspapers and five public officials with bribery offenses, in the latest legal action stemming from an ongoing investigation into media misconduct.
The...

Mark Walter, the controlling owner of the Dodgers, said Friday he has been exploring a possible purchase of the Los Angeles Times.
"The Los Angeles Times says something," Walter said before the Dodgers played the Boston Red Sox at Dodger...

In a dramatic shake-up that took Hollywood by surprise, NBCUniversal has shuffled its executive ranks by forcing out film Chairman Adam Fogelson and shifting Universal Studios President Ron Meyer — the industry's longest-serving studio chief — to an...

Rupert Murdoch's News Corp. is preparing to split into two entities, and the company's fiscal third-quarter financials illustrated why: Its cable television and film properties continue to flex their muscles while the publishing unit's profit exhibited...

Now that Suzanne Somers has your attention with claims about all the sex she's having, the former "Three's Company" star-turned-longevity-expert has turned her attention to Obamacare. And she doesn't like what she sees.
"Boomers are...

Rupert Murdoch's 21st Century Fox has realigned a big chunk of its television empire, bringing its syndication and distribution business under the control of two respected Fox executives, Dana Walden and Gary Newman.
Walden and Newman have jointly run...

After the coffee. Before deciding whether to run for office in New York.
The Skinny: I'm pretty sure I have fewer skeletons in my closet than either Anthony Weiner or Eliot Spitzer so maybe I should throw my hat in the ring to be the next Manhattan...

These days, if you're a celebrity who wants $1 million to make a movie, you can just ask your fans. And Donald Trump.
Following Zach Braff, James Franco and a long list of other showbiz types, comedian Adam Carolla is trying to crowdfund his...

Nearly a decade after Rupert Murdoch moved his company's corporate headquarters to New York from his native Australia, his television and film company is moving to withdraw almost completely from Australia.
21st Century Fox announced late Wednesday...

Media mogul Rupert Murdoch and third wife, Wendi Deng Murdoch, are close to finalizing their divorce, according to people with knowledge of the matter.
The estranged couple has negotiated a settlement that will bring their 14-year marriage to an end.
...

NEW YORK -- Rupert Murdoch and his third wife, Wendi Deng Murdoch, have reached a settlement in their pending divorce -- and sealed it with a kiss.
At a hearing Wednesday morning in New York state court in Manhattan, the couple told a judge they wanted...

Media mogul Rupert Murdoch has made dramatic changes that position his two sons to ultimately take over the global media empire that Murdoch has spent most of his life building.
Murdoch's eldest son, Lachlan, has been given an influential role as...

Old media is still alive and kicking.
On its inaugural day of trading, CBS Outdoor Americas -- a billboard business, one of the oldest advertising mediums around -- shot up 5.4% over its initial price to close at $29.50 a share.
CBS Corp. offered 20...

This post has been updated. See below for details.
Not so long ago, Simon Cowell was probably the most powerful man on American TV.
His cranky, caustic judging had helped make "American Idol" an invincible No. 1 hit. As a producer, he makes...